Firm Capital Property Trust sells industrial facility for $27.9 million, plans to reduce exposure

From GlobeNewswire: 2025-03-25 21:04:00

Firm Capital Property Trust has announced the sale of a 159,470 square foot industrial facility for $27.9 million, with net proceeds of $13.8 million. The property was originally purchased for $11.0 million and is being sold to reduce exposure to large tenants. The Trust plans to use the proceeds to repay debt and fund future acquisitions in less tariff-exposed sectors. The sale is expected to increase the capital gains portion of the 2025 distribution by $0.18 per Trust Unit. For more information, visit www.firmcapital.com. Firm Capital Property Trust focuses on creating long-term value through disciplined investing and capital preservation.



Read more at GlobeNewswire: Firm Capital Property Trust Announces the Sale of Its 50%